Mike Ashley open to Kenyon takeover – but only on these TWO conditions – Report

According to The Chronicle, Mike Ashley is ‘receptive’ to a takeover bid from Peter Kenyon – however he’s asked the former Chelsea chief executive to provide ‘proof of funds’ and ‘evidence’ that he can take the club forward before he makes a bid.

As many of you will now know, it was reported by Sky Sports prior to Saturday’s game with Leicester that Kenyon was interested in a deal to buy Newcastle United from Mike Ashley – stating that he was ‘assembling’ a takeover bid.

No bid has arrived as of yet, but it’s reported that he is now attempting to collaborate with financial backers ahead of a potential bid.

The Chronicle’s Lee Ryder has provided the following update on the matter, claiming that Ashley has told Kenyon to deliver proof of funds and his plans to take the club forward before bidding.

“Ashley is understood to have received no bid from Kenyon’s representatives and the fresh takeover story came as a surprise to the Sports Direct magnate as he prepared to take his seat for the game at St James’ Park.

“Kenyon is thought to have been told Ashley would be receptive to an offer but any bidder must first deliver proof of funds and evidence that the next owner can take the club forward.

“Kenyon is currently director of Opto Advisers but is thought to be keen to lead the club as new chief executive.”

These two requirements are likely to be standard procedure, however this does show that this will take time IF anything is to come of Kenyon’s reported interest.

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It is positive to hear that Ashley is very much open to offers, but his actual willingness to sell will be tested once again if and when Kenyon makes a bid.

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